With the cryptocurrency market expected to enter a bull run later this year, bitcoin, along with altcoins, are already expected to respond to it. As cryptocurrency investors eagerly await this bull run, a cryptocurrency analyst has revealed where they expect the prices of six cryptocurrencies to reach.
bitcoin and Altcoins are ready to move
As bitcoin and altcoins begin to rise, crypto Emily, an analyst, has revealed where she expects the price of the major cryptocurrencies to go. The analyst starts with bitcoin, giving it an important price before moving on to other altcoins.
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For bitcoin, crypto Emily believes the price of the leading cryptocurrency will rise to $100,000, joining the ranks of bitcoin believers who think this is possible. From the current price, it is a price movement of less than 50% for the leading cryptocurrency, suggesting that it is possible.
Then moving further, the crypto analyst turns her attention to altcoins. The first of the altcoins is ethereum, which is the second largest cryptocurrency on the market. Even though ethereum failed to break above $4,000, the crypto analyst expects the altcoin price to eventually reach $10,000 as it is inevitable.
This optimism extends to other larger altcoins besides bitcoin and ethereum. For example, crypto Emily makes similar forecasts for both the Solana price and the BNB price. She expected Solana to rise another 600% to reach $1,000 from here, and then BNB to rise almost 50% to reach the same $1,000.
Moving on, the next altcoins to make the list are XRP and Polygon's MATIC. The crypto analyst believes that both digital assets will eventually reach $10, a similar price increase for both. However, what is even more interesting is the performance of both altcoins over the past year.
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$100,000 is inevitable for twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw” rel=”nofollow”>#bitcoin
$10,000 is inevitable for twitter.com/hashtag/eth?src=hash&ref_src=twsrc%5Etfw” rel=”nofollow”>#eth
$1000 is inevitable for twitter.com/hashtag/SOL?src=hash&ref_src=twsrc%5Etfw” rel=”nofollow”>#SUN & twitter.com/hashtag/BNB?src=hash&ref_src=twsrc%5Etfw” rel=”nofollow”>#BNB
$10 is inevitable for twitter.com/search?q=%24XRP&src=ctag&ref_src=twsrc%5Etfw” rel=”nofollow”>$XRP & twitter.com/search?q=%24MATIC&src=ctag&ref_src=twsrc%5Etfw” rel=”nofollow”>$MATIC
What are your goals
– Emily's universe (@Crypto__emily) twitter.com/Crypto__emily/status/1797321038675521566?ref_src=twsrc%5Etfw” rel=”nofollow”>June 2, 2024
While companies like bitcoin and ethereum have seen huge improvement this year, both XRP and MATIC have failed to make any significant moves. XRP price is still more than 83% below its all-time high of $3.84 and MATIC is 75% below its all-time high of $2.92. Together, they constitute some of the worst performances seen among major altcoins over the past year.
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For now, however, the cryptocurrency bull run appears to be far away as bitcoin and altcoins continue to struggle in the market. Given the cryptocurrency market's dependence on bitcoin to start the next bull run, a break towards $80,000 would likely fuel the next bull run. In this case, altcoins are expected to run alongside it, also reaching new all-time highs.
Featured image created with Dall.E, chart from Tradingview.com
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